Exchanges
Hyperliquid
Spot ZEC on Hyperliquid, with native deposits and withdrawals through Unit.
- Best for
- People who already trade on Hyperliquid with USDC.
- ZEC arrives
- Transparent address, then shield it
- Custody
- Onchain exchange, withdraw via Unit
- Fees
- Trading fees
How to do it
- Buy ZEC on the Hyperliquid spot market with USDC.
- Choose withdraw, select Zcash, and enter your wallet's transparent address. Only transparent withdrawals are supported.
- Shield the ZEC in your wallet once it arrives.
Who sees what
Plain facts about who can see this route and who holds your money along the way, with sources. Every route involves some trade-off.
- Who can see it
- Hyperliquid trades and Unit deposits and withdrawals are public. Unit Labs keeps detailed transaction records that it may hand over under legal process. ZEC withdrawals go to transparent addresses.
- Who holds your funds
- The ZEC behind your Hyperliquid balance is held by Unit's guardians, who sign together with a 2-of-3 threshold scheme.
- Identity checks
- None documented. Unit's site blocks some countries by IP address.
- Compliance screening
- Unit Labs screens addresses against US and other sanctions lists and won't sign for addresses that fail.
Incidents
- A Unit guardian went offline, delaying Bitcoin withdrawals. datawallet.com
Sources: docs.hyperunit.xyz · datawallet.com
Good to know
- Spot ZEC deposits, withdrawals and trading went live in March 2026.
Last checked 2 October 2026. Sources: